Alpha Cubed Investments LLC lessened its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 4.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,318 shares of the semiconductor company’s stock after selling 5,692 shares during the quarter. Texas Instruments makes up 1.6% of Alpha Cubed Investments LLC’s investment portfolio, making the stock its 25th largest holding. Alpha Cubed Investments LLC’s holdings in Texas Instruments were worth $13,578,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Cordasco Financial Network bought a new stake in Texas Instruments in the first quarter valued at $27,000. CX Institutional grew its position in Texas Instruments by 95.9% in the first quarter. CX Institutional now owns 286 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 140 shares during the period. Farmers National Bank bought a new stake in shares of Texas Instruments during the first quarter worth $35,000. Icon Wealth Partners LLC bought a new stake in shares of Texas Instruments during the first quarter worth $37,000. Finally, Global Wealth Management Investment Advisory Inc. grew its holdings in shares of Texas Instruments by 919.4% during the first quarter. Global Wealth Management Investment Advisory Inc. now owns 367 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 331 shares during the last quarter. Institutional investors and hedge funds own 85.91% of the company’s stock.
TXN has been the topic of several research analyst reports. Credit Suisse Group increased their target price on Texas Instruments from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Oppenheimer increased their target price on Texas Instruments from $120.00 to $130.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Nomura started coverage on Texas Instruments in a research note on Tuesday, May 7th. They issued a “neutral” rating and a $106.00 target price on the stock. BMO Capital Markets increased their target price on Texas Instruments from $130.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Finally, SunTrust Banks increased their price target on Texas Instruments to $133.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twelve have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $118.74.
Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.08. The business had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.60 billion. Texas Instruments had a return on equity of 57.25% and a net margin of 34.98%. Texas Instruments’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.37 EPS. As a group, equities research analysts expect that Texas Instruments Incorporated will post 5.23 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 12th. Stockholders of record on Wednesday, July 31st were paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date was Tuesday, July 30th. Texas Instruments’s dividend payout ratio is 56.83%.
In other Texas Instruments news, insider R Gregory Delagi sold 450,000 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $128.31, for a total transaction of $57,739,500.00. Following the completion of the sale, the insider now directly owns 243,755 shares of the company’s stock, valued at approximately $31,276,204.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Rafael R. Lizardi sold 76,523 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $128.02, for a total value of $9,796,474.46. Following the sale, the chief financial officer now directly owns 94,648 shares of the company’s stock, valued at $12,116,836.96. The disclosure for this sale can be found here. Insiders sold a total of 1,251,117 shares of company stock worth $159,473,823 over the last three months. 0.89% of the stock is owned by company insiders.
Texas Instruments Company Profile
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.
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